Cinema chain AMC Theaters introduces Shiba Inu token as payment option

Shiba Inu SHIB in uptrend and price is rising. Crypto coin symbol and up arrow. Uniswap flies to the moon. Vector illustration.

One of the most popular American commercial cinema chains, AMC Theaters, has confirmed the possible addition of another cryptocurrency to the payment methods it accepts. This time, it’s about the Shiba Inu token (SHIB). SHIB is popular among internet users, and is categorized as “meme-coin”. We write about AMC Theaters’ plans in the context of cryptocurrencies, as well as the company’s further direction, in today’s article.

Eyes turned to crypto assets

It’s no secret that the AMC Theaters chain has been “flirting” with the idea of adopting cryptocurrencies as a legal means of payment in its outlets for some time now. It now appears that the company is on track to adopt Bitcoin (BTC), Ethereum (ETH), Litecoin (LTH), and Bitcoin Cash (BCH) before the end of 2021. Despite the already progressive approach to the issue, AMC Theaters CEO Adam Aron surprised everyone with a post on Twitter on Monday, November 8, 2021. In that post, he posted a poll asking if the company should expand the pool of cryptocurrencies it accepts to include the Shiba Inu token (SHIB). The poll unequivocally, with a lead of as much as 81.4%, decided that this was a good idea.

What does this mean for Shiba Inu?

The Shiba Inu token, otherwise known as a “meme cryptocurrency,” at the beginning of its existence looked more like a joke than a real cryptocurrency. However, it is also one of the most amazing tokens, and a “phenomenon” in the cryptocurrency market! It also looks like SHIB’s precipitous price drop over the past week is coming to an end. Following the announcement of the potential adoption of Shiba Inu as a legal means of payment at entertainment giant AMC Theaters, the price of this cryptocurrency immediately rose as much as 4%! AMC Entertainment Holdings’ IT specialists are already working on the implementation of the new solution, and all interested parties are eagerly waiting for the official announcement on the matter. One thing is certain: the Shiba Inu token is in for an exciting time in the coming weeks!

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

El Salvador plans to build a Bitcoin City

El Salvador’s own progression of Bitcoin adoption is not slowing down. This time, President Nayib Bukele has announced plans to build a Bitcoin City. Special bonds are to be issued for this purpose, which will be based on the king of cryptocurrencies. A

Read More »

Top Stories